Energy Ministry addresses Arctic development
© RIA Novosti. Aleksandr Kryazhev

Energy Ministry addresses Arctic development

Russian Energy Minister Alexander Novak has chaired the second meeting of the working group on energy development of the State Commission for Arctic Development, the ministry press service reported.

"Four relevant subgroups have been created before today's meeting. The first three are industry subgroups: on oil and gas, coal, peat and power sector development. The fourth will be concerned with ensuring energy security and protecting fuel and energy installations against terrorist attacks. In addition, work plans for all subgroups have been approved," he said.

The meeting addressed the provision of ships and marine equipment for shelf projects in the Arctic. The ministry estimates that 400 ships and units of equipment will be needed in the Arctic by 2030.

Participants also discussed incentives for the utilization of the best available technology in the implementation of Arctic projects.

"It is essential to draw up a register of priority technology and solutions to these tasks," Novak said.

They also discussed the development of power generation and network facilities in Russia's Arctic zone.